Investigating a stock’s 52-week price history, covering the range of low and high prices, can provide significant information about its present state and future potential. Carnival Corp.’s current trading price is -25.42% away from its 52-week high, while its distance from the 52-week low is 93.63%. The stock’s price range during this period has varied between $7.53 and $19.55. The company, active in the Consumer Cyclical sector, saw a trading volume of around 11.37 million for the day, considerably lower average daily volume of 28.03 million observed over the last three months.
Currently, the stock price of Carnival Corp. (CCL) is $14.58. In the most recent trading session, the stock underwent a significant upswing, peaking at $14.65 after opening at $14.19. The stock touched a low of $14.15 before closing at $14.57.
Carnival Corp. had a pretty favorable run when it comes to the market performance. Over the past year, the company’s stock reached a high of $19.55 on 07/05/23, while the lowest price during the same period was $7.53 on 12/23/22.
How Financial Performance Impacts Market Capitalization
Carnival Corp. (CCL) has experienced a quarterly decline of -6.48% in its revenues when compared to the same period in the previous year. Presently, the company has a total market capitalization of 18.45B.
Decoding Analysts’ Ratings for Carnival Corp.
As of right now, 12 analysts are rating Carnival Corp. as a BUY, 3 of the polled analysts branded the stock as an OVERWEIGHT, 5 analysts are recommending to HOLD this stock, 0 of them gave the stock UNDERWEIGHT rating, and 2 analysts are rating the stock as SELL.
The Role of Moving Averages and Trading Volume in Technical Analysis
Based on Barchart.com data, the company’s moving average over the 100-day period was 15.19, with a change in price of -1.44. Similarly, Carnival Corp. recorded 31,654,611 in trading volume during the last 100 days, posting a change of -9.06%.
How CCL’s Debt-to-Equity Ratio Affects Financial Health
A company’s financial condition and market reputation can be evaluated using the debt-to-equity (D/E) ratio. This ratio, calculated by dividing a company’s total liabilities by its shareholders’ equity, indicates the proportion of debt a company employs to back its assets in relation to its shareholders’ equity. At the time of writing, the total D/E ratio for CCL stands at 4.69. Similarly, the long-term debt-to-equity ratio is also 4.41.
CCL Stock Stochastic Average
As of today, the raw stochastic average of Carnival Corp. over the last 50 days is at 73.08%. This shows a declinee from the raw stochastic average of the previous 20 days, which was recorded at 94.26%. Further, the company’s Stochastic %K and %D values for the last 20 days were 95.05% and 93.48%, respectively.
CCL Stock Price Performance Analysis
Investors have been left with mixed emotions regarding the stock price performance over the year, as it’s been a mixed bag. This year’s metric has recorded a Price increase of 80.89%. However, over the past six months, we’ve seen a weaker performance of 29.26%. The price of CCL fallen by 24.72% over the last 30 days. And in the last five days, it has surged by 18.44%.